Oppenheimer Asset Management Inc. Has $1.29 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Oppenheimer Asset Management Inc. boosted its stake in Pinterest, Inc. (NYSE:PINS) by 10.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 37,222 shares of the company’s stock after buying an additional 3,545 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Pinterest were worth $1,290,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PINS. GAMMA Investing LLC acquired a new position in Pinterest in the 4th quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest during the 4th quarter worth approximately $30,000. Washington Trust Advisors Inc. grew its position in shares of Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Quent Capital LLC grew its position in shares of Pinterest by 71.2% during the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after purchasing an additional 460 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Pinterest during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Down 2.0 %

PINS opened at $41.29 on Monday. The stock has a market cap of $28.21 billion, a PE ratio of 196.63, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97. The company has a fifty day moving average of $42.74 and a 200-day moving average of $38.30. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $739.98 million during the quarter, compared to analysts’ expectations of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.44 EPS for the current fiscal year.

Insider Activity

In other news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $43.90, for a total transaction of $168,795.50. Following the completion of the transaction, the chief accounting officer now directly owns 189,470 shares in the company, valued at $8,317,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $43.90, for a total transaction of $168,795.50. Following the completion of the transaction, the chief accounting officer now directly owns 189,470 shares in the company, valued at $8,317,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the transaction, the insider now directly owns 307,256 shares in the company, valued at $12,726,543.52. The disclosure for this sale can be found here. Insiders sold 50,250 shares of company stock worth $2,191,304 over the last three months. 7.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PINS shares. Royal Bank of Canada increased their target price on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group increased their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Rosenblatt Securities reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $52.00 price target on shares of Pinterest in a research report on Friday, June 14th. Finally, Wedbush increased their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.04.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.